Professional 
Resources

How to Conduct a Reserve Assessment

Many nonprofit organizations have or are interested in establishing a reserve fund to sustain the long-term future of the organization and/or provide the organization a source of capital for future development. Learn the six essential steps that every nonprofit should take to determine the ideal reserve fund amount.

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Steps in Preparing for Virtual Audits

Technology is consistently changing the way business is conducted, and this even applies to how some financial audits are currently and will be conducted in years to come. Learn seven steps for making your organization more technology-driven so you'll not only be prepared for virtual audits, but you'll also improve your organization's systems and processes.

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How to Calculate Indirect Rates

Member Content: Many nonprofits develop indirect rates as a mechanism for allocating joint costs among multiple projects and donors. Learn more about what constitutes indirect costs and how to calculate indirect rates. And discover strategies on how to ensure you recover your indirect costs when faced with indirect caps on grants and contracts. 

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IRS Public Support Test

Nonprofits in the United States who function as public charities must pass the IRS public support test in order to remain classified as a public charity.  Failing the test will have serious consequences as it will cause the public charity to be reclassified as a public foundation. Learn how to calculate your nonprofit's public support in order to properly file your annual tax return. 

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Overspending a Grant Budget

Overspending a grant budget may have significant financial implications for a nonprofit. Careful consideration needs to be made each time a nonprofit enters into a grant. Learn more about the various scenarios in which a nonprofit may be unable to use grant funds on costs that the organization thought were acceptable and what the organization should do.

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32 Financial Ratios for Nonprofits

Financial ratios help nonprofits measure the financial health of the organization. A nonprofit that tracks important financial ratios are not only in a better position to evaluate an organization’s operations, programs, and financial stability, the results may also be used to benchmark the organization against management objectives, past performance, and similar organizations and competitors.

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How to Set-up QuickBooks Online for Nonprofits

Interested in using QuickBooks Online for your nonprofit? Download ANAPF's step-by-step guide for setting-up QuickBooks Online so it mimics a fund accounting system and produces the nonprofit financial statements you need to accurately track revenues and expenses by donors, grants, projects, and service area.

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Best Practices in Nonprofit Budgeting

Nonprofits should track revenues and expenses for multiple program service areas and product lines. Before a nonprofit begins the budgeting process, there are key concepts and terms that all members of the organization should understand.

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How to Account for Donated Goods and Services

Many nonprofits receive donated goods and services in lieu of cash contributions which help the nonprofit secure items and services that it may not be able to afford on its own. Learn the accounting implications that the nonprofit must consider when accepting these donated items.

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Which U.S. IRS Form Should Your Nonprofit File

There are multiple tax forms available to nonprofits. Deciding which form to file depends on the organization’s classification and whether or not the nonprofit reaches certain spending thresholds. Read more about the various forms available and learn about filing deadlines and penalties for non- and late filings.

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